Air Filters Market Expected to Reach US$ 24,691.4 Million by 2028

According to a recent market study published by Growth Market Reports, titled, “Air Filters Market by Type, Application, End use and Regions: Size, Share, Trends and Opportunity Analysis, 2018-2028”, the market was valued at US$ 13,054.7 Million in 2020 and is expected to grow at a moderate growth rate of 9.2% by the year 2028. The increasing product penetration in various industries is expected to fuel the market growth during the forecast period.

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The presence of dust is a common concern in today's environment. Presence of dust in the air causes disruptions in the form of health problems to people. An effective air filter is a device that is embedded with several layers of permeable and fibrous materials that aid in the removal of dust particles, pollen, and other material particles from the circulating air. Some air filters remove micro-sized particles that are invisible to the naked eye, such as toxic and gaseous pollutants.

To remove minute particulates, these filters are an important part of the heating, ventilation, and air-conditioning (HVAC) system used in internal combustion engines. These systems are employed in a variety of applications, including residential, commercial, and industrial. Air moving equipment such as fan coils, air handlers, and terminal units all require them.

Dirt that causes fan wheel imbalances and coil obstructions is removed. It is largely necessary for a pleasant and healthy indoor environment, which has a significant impact on the buildings and air handling equipment's energy efficiency. The principle is to safeguard people's health by keeping the ventilation system clean and maintaining a high degree of hygiene (IAQ).

The construction of green buildings and the repurposing of these filters are becoming commercial trends. It is accompanied by the rising need for clean indoor air. Manufacturers are actively embracing air-contamination-filtering solutions such as biofiltration and others. This led to strict environmental restrictions as a result of a high awareness of energy savings and the environment.

The air filters market is expected to witness a decline in year-on-year growth for 2020 as compared to for previous year 2019. Interruption in the supply chain of valves across the globe due to the spread of COVID-19, has a moderate negative impact on the product sales. Thus, the import and export of valves has witnessed slight decrease in sales in 2020.

The partial closing of manufacturing units and retail centers in first and second quadrants of 2020 had a significant impact on the sales of the valves. Moreover, inadequate raw material supply and lack of available workforce for production of valves in the first and second quadrant of 2020 had hampered the market growth in 2020.

As per Growth Market Reports industry analyst Divyanka Sankhe, “The air filters market is anticipated to witness significant growth during forecast period 2020-2028. The presence of dust and pollutants, a common concern in today's environment, causes disorders and health problems. An air filter is a device that is embedded with several layers of permeable and fibrous materials that help remove dust particles, pollens, and other material particles from the circulating air. Some air filters such as HEPA and ULPA remove micro-sized particles and toxic and gaseous pollutants that are invisible to the naked eye.”

The Coronavirus disease 2019 (COVID-19) pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects.

Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally.

In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services.

Key Takeaways from the Study

• The players including MANN+HUMMEL, DAIKIN INDUSTRIES, Ltd., DuPont, Cummins, A C Delco, DENSO, Donaldson Company, Inc., Ahlstrom-Munksjö, American Air Filter Company, Inc., Freudenberg Filtration Technologies SE & Co. KG hold a major market share of air filters Market in year 2020.
• In terms of value, the HVAC Systems segment accounted for substantial share of the market in 2020 and is expected to expand at a substantial CAGR during the forecast period.
• The market in North America held a significant share of the market during the forecast period, owing to the growing adoption of preventive measures to control air pollution in the region.
• The market in Europe is expected to grow at a substantial pace during the forecast period, as these filters are widely used in residential and commercial sectors. They are used for the construction of green buildings and reusable filter demand.
• Rising urbanization and growing number of commercial and industrial processes are anticipated to boost the market in Asia Pacific during the forecast period.

Report Scope

Target Audience

• Supply-side: Manufacturers, raw material suppliers, and distributors
• Demand Side: Residential, Commercial, Automotive, Chemical, Gas Turbines, Semiconductors, Pharmaceuticals, Healthcare and Others.
• Regulatory Side: Concerned government authorities, and other regulatory bodies.